Techno World Aircraft-Communication-System-Market | Page 2

navigation surveillance to satellite based navigation surveillance is expected to positively impact the market growth. High costs for development of aircraft communication system is a major factor hampering growth of the market High costs associated with development of different aircraft communication systems is a major factor restraining the market growth. Additionally, high initial installation cost of advanced technologies is another factor hindering growth of the market across the globe. For instance, using commercial off-the-shelf or COTS technology in aircraft communication could lead to high investments. Increasing use of the Commercial Off-The-Shelf (COTS) technology in aircraft communication system is expected to be the major growth factor for the market The COTS is an advanced communication system, which aids in improving safety of aircraft during their operation. This system is also used for monitoring and controlling operation with another aircraft or ground stations, which helps in increasing the safety of passengers and also minimize aircraft accidents. However, COTS has also fulfilled the DO-254 safety standard, by Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA). Hence, the benefits of COTS is expected to positively aid in growth of the aircraft communications system market. Browse More About the Market Study @ https://www.coherentmarketinsights.com/ongoing-insight/aircraft-communication-systems-market-1475 Global Aircraft Communication System Market: Regional Insights On basis of geography, the global aircraft communication system market is segmented into North America, Europe, Asia Pacifica, Latin America, Middle East, and Africa. North America is expected to exhibit highest growth in aircraft communication system market over the forecast period. The U.S. and Canada are the major growth engines in North America. The growth in this market is attributed to high presence of aerospace industry leaders across the region such as Boeing, Rockwell Collins, Inc. and Honeywell International Inc. (commercial avionics suppliers), which is positively affecting the market growth. Moreover, these manufacturers have adopted advanced communication systems in its products. For instance, Honeywell’s Versatile Integrated Avionics (VIA) is a general purpose processor developed for commercial airline market. Moreover, aircrafts of key players using the aircraft communication systems include Boeing 777 Passenger, Boeing 737 Passenger, Boeing 757 Passenger, Boeing (Douglas) MD-80, and Airbus A318/319/320/321 among others.